Chubb Limited $CB Shares Purchased by LGT Group Foundation

LGT Group Foundation grew its stake in shares of Chubb Limited (NYSE:CB) by 4.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 200,889 shares of the financial services provider’s stock after purchasing an additional 8,123 shares during the quarter. LGT Group Foundation’s holdings in Chubb were worth $56,532,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Westbourne Investment Advisors Inc. lifted its stake in Chubb by 12.3% during the third quarter. Westbourne Investment Advisors Inc. now owns 22,233 shares of the financial services provider’s stock worth $6,275,000 after purchasing an additional 2,427 shares during the last quarter. Sivia Capital Partners LLC increased its stake in Chubb by 166.3% during the third quarter. Sivia Capital Partners LLC now owns 3,707 shares of the financial services provider’s stock valued at $1,046,000 after purchasing an additional 2,315 shares during the last quarter. Caprock Group LLC acquired a new stake in shares of Chubb during the third quarter worth $3,123,000. Liberty One Investment Management LLC acquired a new stake in shares of Chubb during the third quarter worth $51,167,000. Finally, Cooke & Bieler LP lifted its position in shares of Chubb by 21.3% in the 3rd quarter. Cooke & Bieler LP now owns 606,011 shares of the financial services provider’s stock worth $171,047,000 after buying an additional 106,237 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Down 1.4%

Shares of CB stock opened at $327.86 on Monday. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67. The firm has a market capitalization of $127.92 billion, a PE ratio of 12.74, a price-to-earnings-growth ratio of 2.06 and a beta of 0.46. The stock has a fifty day moving average of $318.20 and a two-hundred day moving average of $297.97. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, beating analysts’ consensus estimates of $6.33 by $1.19. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $11.11 billion. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The company’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business earned $6.02 earnings per share. As a group, research analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 13th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, March 13th. Chubb’s payout ratio is 15.08%.

Analyst Upgrades and Downgrades

CB has been the subject of a number of recent research reports. Cantor Fitzgerald boosted their price objective on shares of Chubb from $300.00 to $309.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Roth Mkm lifted their target price on Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. UBS Group reaffirmed a “neutral” rating and set a $340.00 target price on shares of Chubb in a report on Monday, February 9th. Wolfe Research raised their price target on Chubb from $364.00 to $372.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Finally, Evercore boosted their price objective on Chubb from $346.00 to $347.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Chubb presently has a consensus rating of “Hold” and an average price target of $340.81.

Insider Buying and Selling

In related news, CEO Evan G. Greenberg sold 15,060 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the sale, the chief executive officer owned 511,576 shares of the company’s stock, valued at $169,572,096.72. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the sale, the executive vice president owned 11,810 shares of the company’s stock, valued at $3,920,683.80. This trade represents a 70.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.86% of the company’s stock.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.